Tag Archives: fiduciary rule

Texas Court Upholds DOL Fiduciary Rule

A judge in the U.S. District court for the Northern District of Texas ruled yesterday that the Department of Labor acted within its statutory authority in issuing the fiduciary rule last year, which greatly expanded the definition of “fiduciary” under the Employee Retirement Income Security Act and the Internal Revenue Code.

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ABA Files Additional Comments on Form 5500 Proposal

Following a meeting last month with bankers, ABA staff, the Department of Labor and the Internal Revenue Service, ABA today filed additional comments on DOL’s proposed updates to Form 5500 (Annual Return/Report of Employee Benefit Plan).

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DOL Publishes Fiduciary Rule FAQs

The Labor Department today issued a series of frequently asked questions on its final rule redefining who counts as a fiduciary under the Employee Retirement Income Security Act and Internal Revenue Code.

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ABA: DOL Form 5500 Proposal Falls Short

A 900-page proposal by the Department of Labor to update Form 5500 is “overbroad and significantly exceeds the requisite information necessary or appropriate for effective… reporting,” ABA said in a comment letter today.

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